Leuthold Group LLC increased its position in shares of ProShares Short QQQ (NYSEARCA:PSQ – Free Report) by 1,230.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 281,394 shares of the company’s stock after buying an additional 260,242 shares during the quarter. ProShares Short QQQ comprises 1.3% of Leuthold Group LLC’s investment portfolio, making the stock its 14th biggest holding. Leuthold Group LLC’s holdings in ProShares Short QQQ were worth $10,524,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. Spire Wealth Management acquired a new position in ProShares Short QQQ in the fourth quarter valued at $101,000. Auour Investments LLC purchased a new position in shares of ProShares Short QQQ during the fourth quarter worth about $204,000. RiverTree Advisors LLC acquired a new position in ProShares Short QQQ in the 4th quarter valued at about $222,000. Eastern Bank purchased a new stake in ProShares Short QQQ during the 3rd quarter valued at approximately $240,000. Finally, Mutual Advisors LLC acquired a new stake in ProShares Short QQQ during the 4th quarter worth approximately $368,000.
ProShares Short QQQ Trading Up 2.1 %
Shares of PSQ stock opened at $36.59 on Friday. The business’s 50 day moving average is $36.69 and its two-hundred day moving average is $38.73. ProShares Short QQQ has a twelve month low of $35.57 and a twelve month high of $47.24.
ProShares Short QQQ Company Profile
ProShares Short QQQ is focused on daily investment results that correspond to the inverse (opposite) of the daily performance of the NASDAQ-100 Index. The NASDAQ-100 Index represents non-financial domestic and international issues listed on The NASDAQ Stock Market. The Fund takes positions in financial instruments (including derivatives) that in combination should have similar daily return characteristics as the inverse of the NASDAQ-100 Index.
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